Medite Cancer Diagnostics Inc (MDIT)

[utterbull]

The current charge for a pap test to patients insurance is hell of a lot more than $15-$25 dollars. You're forgetting that the doctor likely charges $100+ for each visit, which is why many americans have insurance in the first place.

Correct me if I'm wrong, but It's my understanding that insurance companies don't concern themselves with the specific tools Doctors use in their practice of medicine. Therefore if any doctor sees fit in using the collector they will just bill the insurance company for reimbursement and the patient just pays the co-pay amount that the insurance company has agreed to for whatever the service was. If your insurance company specifically states that you can only have a pap test provided the samples were collected using a brush then you should change your insurance co.

An extra $10 (and I doubt it will come close to $10) is not going to phase an insurance company, certainly not if the device provides any evidence that it could save them money in the long run by paying for fewer surgeries/chemo etc. in the future. Will your insurance company balk at the cost, I think it unlikely in the grand scheme of things.

Everybody wins. No extra charge to patients, doctor reimbursed, insurance cuts expenses on other bills.